Finished products help Norsk Hydro offset aluminium price fall

  • Business Premium
  • Wednesday, 22 Jul 2015

OSLO: Norsk Hydro, one of the world’s largest aluminium producers, beat second-quarter profit forecasts as demand for finished products such as components, strips and foils offset the impact of falling metal prices.

The Norwegian company cut forecasts for global primary aluminium demand growth excluding China for the second quarter running, and said there was more excess aluminium in global markets than it had previously estimated.

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